Deadline Today—Early Registration for Annual Meeting & Public Policy Forum
Today, Oct. 15, is the last day to secure an early registration rate for the Academy’s Annual Meeting and Public Policy Forum, to be held as a hybrid event Nov. 4–5 in the nation’s capital. The Academy’s premier annual event will include high-profile keynote speakers; plenary sessions on diversity, equity & inclusion (DEI), professionalism, COVID-19, and insurance regulation; multiple breakout sessions in property/casualty, health, life, and pension practice areas; presentation of the Academy’s annual service awards; the Academy’s presidential transition; and the opportunity to meet new Executive Director Bill Michalisin. Continuing education (CE) credit will be available. Take advantage of the early registration rate before it ends—register today.
Virtual Early Registration Ends Today for P/C Loss Seminar; In-Person Deadline Extended
Today is also the deadline to secure an early discounted rate to virtually attend the 2021 Seminar on Effective P/C Loss Reserve Opinions, to be held Dec. 6–7. The in-person early registration deadline has been extended to Nov. 15. This annual event, offered in a hybrid format this year, is designed for property/casualty actuaries who prepare or assist with preparing NAIC annual statements of actuarial opinion on P/C loss reserves. The in-person event will be at the conveniently located Hilton Chicago O’Hare Airport hotel. Make plans to join us in December—register today.
LHQ Seminar Room Block Closing Monday
Don’t forget to book your room for November’s Life and Health Qualifications Seminar. The room block will close on Monday, Oct. 18. The seminar will be held Nov. 15–18 at the Crystal Gateway Marriott in Arlington, Va. Interested in attending? Limited space remains—register today.
Professionalism Webinar, ‘Self-Regulation and the Actuarial Profession,’ Set for November
Join the Academy for next month’s professionalism webinar, “Self-Regulation and the Actuarial Profession,” in which you can learn why self-regulation is important to the actuarial profession and what you can do to help ensure it continues. Members of the Committee on Professional Responsibility (COPR) will discuss the importance of upholding the profession’s standards of conduct, qualification, and practice, as well as how to explain the requirements—and benefits—of actuarial professionalism to principals. Presenters will be COPR Chairperson Nancy Behrens, COPR Past Chairperson Audrey Halvorson, and COPR member Kathy Wong. Attendees will have the opportunity to obtain 1.8 hours of organized and professionalism CE credit, as well as 1.8 core ethics continuing professional education (CPE) credit under Joint Board for the Enrollment of Actuaries (JBEA) rules. The webinar will be held on Thursday, Nov. 11, from noon to 1:30 p.m. EST. Register today.
Academy Hosts Successful PBR Boot Camp From a Regulatory Perspective Seminar
Donna Claire at the closing Q&A session
The Academy held a successful virtual interactive PBR Boot Camp on Wednesday, this time held as a two-hour mini-seminar. Presenters—who included officials from the insurance departments of California, Illinois, and Ohio—covered a range of specifically tailored issues relevant to principle-based reserving (PBR), including lessons learned through implementation of VM-20, mortality, variable annuities, long-term care, and state regulatory issues. In a concluding Q&A session led by Donna Claire, chairperson of the PBR Implementation Work Group, participants engaged directly with regulators, asking specific questions related to PBR reserving.
Health Equity Work Group Releases Discussion Brief on Population Health
The Health Equity Work Group (HEWG) released a discussion brief, Health Equity from an Actuarial Perspective: Managing Population Health. This discussion brief is the final in the HEWG’s series of discussion papers designed to provide more context on health equity issues raised in the initial discussion brief, Health Equity from an Actuarial Perspective: Questions to Explore. The series was undertaken by the HEWG to lay the groundwork for future exploration and research into health disparities.
Public Employment Opportunity
The Federal Emergency Management Agency (FEMA) is seeking an actuary to be located in the Washington, D.C., area. The ideal candidate for this position has experience working in insurance, reinsurance, or consulting for pricing, reserving, modeling, and underwriting insurance or reinsurance coverages. Learn more about the position and how to apply at USA Jobs.
The Summer/Fall issue of The Retirement Report looks at multiemployer plan issues that arose as part of the American Rescue Plan Act of 2021, with a Q&A featuring several members of the Multiemployer Plans Committee. Also in the issue, a preview of the Annual Meeting and Public Policy Forum’s pension sessions; the new issue brief, The 80% Pension Funding Myth; Sherry Chan is set to become the Academy’s next pension vice president; and recent state and federal legislative and regulatory activity.
Alerts
The Internal Revenue Service issued Notice 2021-57, providing guidance for sponsors of multiemployer defined benefit pension plans on elections under sections 9701 and 9702 of the American Rescue Plan Act of 2021. Read the Academy alert.
Public Policy Activity
The Retirement System Assessment and Policy Committee published an issue brief examining issues pertaining to newer and novel plan designs as they relate to risk sharing between plan sponsors and participants.
Plan Sponsor reported on the Academy’s recent issue brief, The 80% Pension Funding Myth, which addresses a persistent misconception that pension plan health or soundness can be determined solely by referencing a supposed 80% funded ratio “standard.”
PLEASE DO NOT REPLY TO THIS EMAIL. THIS EMAIL ADDRESS IS NOT MONITORED.
To update your Academy email communication preferences, please login and update your Academy member profile.
1850 M Street NW • Suite 300 • Washington, DC 20036 • 202.223.8196 • www.actuary.org
Copyright 2021 American Academy of Actuaries. All rights reserved.